OTTAWA, CANADA – Mobile Knowledge Inc., a leading provider of advanced GPS and wireless communications technology for fleet telematics applications, today announced that it has successfully completed a $7 million private placement financing led by the Longitude Fund, a technology merchant-banking fund managed by Latitude Partners of Toronto.
FT. Lauderdale, FL — Intercallnet Inc. (OTCBB:ICLN) announced today it has completed the second
closing pursuant to its recent stock purchase agreement with Stanford Venture
Capital Holdings, Inc. (“Stanford”). Effective Tuesday, March 12, the Company
received the second of three, $500,000 funding installments under the
agreement. The final installment is due no later than March 27.
According to terms of the agreement, Stanford will acquire 1.5 million
shares of the Company’s restricted Series A Convertible Preferred Stock, and
common stock purchase warrants to purchase 6.5 million shares of the Company’s
restricted common stock for a period of 5 years at exercise prices ranging
from $0.25 to $1.50 per share.